East Africa: New EABC Code of Conduct to Boost Regional Trade

The East African Business Council (EABC) is in the process of developing a code of conduct and ethics for businesses aimed at boosting trade in the region.

This will be promoted within the business community in the EAC Partner States and is expected to guide the private sector in provision and acquisition of services across the region, Andrew Luzze, the Executive Director East African Business Council, has said.

The new code of conduct is expected to be ready by April 2015.

“The Code seeks to incorporate key themes that are internationally recognised as basic principles for responsible global citizenship for any business,” he added.

EABC will also organise training for Staff of companies that sign up to the Code to help coordinate business activities including organising the launch of the code of conduct at EAC level by April 2015.

“As a regional private sector lobby and advocacy body, EABC’s success depends on its reputation, integrity and transparency. Both regionally and globally, a clear business case has repeatedly been underscored for businesses to behave in a manner that promotes ethical business practices, transparency and fair competition in the private and public sectors; for the benefit of their companies; the economy, the citizenry and the environment.” Luzze noted.

According to Fiona Uwera, the East African Business Council (EABC) technical liaison officer for Rwanda, the Code of Conduct/Ethics shall ensure compliance with legal requirements and standards of business conduct.

“The Code will set out responsibilities and values to guide business operations and relationships. The business community will be expected to serve as role models by visibly demonstrating support and by regularly encouraging adherence to the set standards,” Uwera told The New Times.

The Code shall guide the conduct of the private sector with respect to provision and acquisition of services from one another, and from businesses facilitating institutions and government

Business community welcomes the initiative

In July this year, EABC was nominated to seat at the World Customs Organisation (WCO), and according to business experts, establishing a code of conduct will help boost competitiveness on the global stage.

Edwin Mwumvaneza, a Kicukiro based business man, said that it very critical for the regional business community to get organized.

“That’s when we shall be able to win the trust of those championing regional integration especially the political leaders,” Mwumvaneza said.

Stephen Byaruhanga, a Risk manager at Eskom Uganda, said establishing a code will help lure investors into the region through joint partnerships.

Source:

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About Graduate Farmers

TGFA is a civil society organization whose membership base constitute highly learned, capable, experienced and aspirants of becoming commercial farmers in Tanzania. Membership also comprises agricultural consultants (researchers) and retired people from the civil service sectors who deal with agriculture and agriculture marketing in general. The major aim of TGFA is to develop, promote, and influence structured business and initiatives that encourages and motivate youth especially graduates to tap in profitable agriculture value chains in both rural and urban areas in Tanzania with defined rules and regulations. TGFA also aimed at bringing dialogues for advocating improvement of the policy and enabling business environment in the country economy, strengthen information dissemination, technology and innovation, agribusiness development skills, business linkages and reduce constraints along the sector value chain. The word ‘graduate’, as it appears on the title, does not strictly mean that one has to have university degree, rather a catch word that connotes a paradigm shift in thinking, especially in the developing countries, that farming is largely for the unprivileged, most less educated and poor people in rural areas towards a new thinking that farming can only be meaningful and actual backbone of the economy if and only if the highly learned, capable (in terms of finances and other resources) and inspired individuals in urban areas embark into it even as part-timers.
This entry was posted in Code of Conduct, COMESA, EABC, East Africa, Regional Trade, SADC and tagged , . Bookmark the permalink.

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